Leveraging the Solana Blockchain; Plutos Builds on Solana
Plutos Network is a DeFi multi-chain and cross-chain derivatives issuance and trading platform that connects three major blockchains.
Plutos delivers limitless liquidity through staking and minting strategies, allowing all users to access synthetic assets from both the traditional financial and crypto markets.
Why Plutos Build on Solana?
Solana is one of the most popular blockchains on which Plutos Network is based, and we'll learn more about it in this post.
Solana is a cryptocurrency and blockchain network that uses an open architecture to enable quick, secure, scalable, decentralized apps and marketplaces.
Solana is one of the fastest blockchains and crypto ecosystems in the world, with over 400 projects spanning DeFi, NFTs, Web3, and more. It currently supports 65,000 TPS (Transactions per second) and 400ms Block Times.
Solana has introduced new values and technologies to provide developers and DApps with highly scalable, low-cost, and well-composed technological infrastructure.
The world's first decentralized blockchain was created to enable user-friendly and scalable decentralized apps. These apps communicate with the Solana cluster by sending one or more instructions with their transactions.
The network employs a number of novel and innovative technologies to give users with unrivaled transaction speeds and enterprise-level security. Following the introduction of its main net, Plutos Network has announced that it would enter a new phase by joining the developing Solana ecosystem. It will concentrate on Solana-based development and begin the Solana migration after the primary net product is released.
With Solana application scenarios, it's easy to see why well-known and up-and-coming DApps like Plutos Network are choosing Solana as a strategic platform builder.
Solana is built on 8 key technologies that makes it create a decentralized network which equals the performance of a single node. These technologies are:
Proof of History (PoH)
PoH is a blockchain consensus mechanism that takes record of proof that a transaction has occurred at a particular moment in time.
This is Solana’s custom version of Practical Byzantine Fault Tolerance (PBFT), which uses its PoH mechanism as a clock prior to the consensus to lessen latency and messaging overhead.
This is a mempool-less where transaction submitted but not yet processed, are pushed forward to the edge of the network and executed ahead If time and this helps reduce the memory pressure on validators.
This blockchain propagation protocol solves the problem of scalability trilemma where the node count is higher than the amount of bandwidth and increases the time used to propagate data.
This is the Transaction Processing Unit (TPU) that optimizes the validation of massive blocks of transactions in the mempool by replicating them across several nodes.
This consists of a horizontally scaled structure of accounts database and operating systems that work hand-in-hand to allow 100% utilization.
This program is a runtime that processes thousands of smart contracts in parallel by using as many nodes that are readily available to the validator.
Archivers — Distributed ledger storage
This is where all the approved transactions on the Solana blockchain are stored and it is distributed to everyone.
With Solana's fame, Plutos team is confident in Solana's ability to drive its system towards long-term development through higher scalability, interoperability, and efficiency at low costs.
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